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Buying a business: Florida vs Hawaii

Two markets side by side — inventory, pricing, and what you actually pay per dollar of cash flow, from live Waterfall data.

Florida

5,949 active listings
Active listings5,949 Edge
Median asking$350,000 Edge
Median cash flow$157,752
Typical multiple2.2×
Owner-earnings yield~45%
Median revenue$650,000
VS

Hawaii

96 active listings
Active listings96
Median asking$575,000
Median cash flow$190,000 Edge
Typical multiple3.0×
Owner-earnings yield~33%
Median revenue$978,000

Who wins?

Florida has 6097% more businesses on the market than Hawaii (5,949 vs 96). Florida is cheaper at the median asking price. Florida trades at a lower multiple (2.2× vs 3.0×), meaning you pay less per dollar of cash flow there.

MetricFloridaHawaii
Active listings5,94996
Median asking$350,000$575,000
Median cash flow$157,752$190,000
Typical multiple2.2×3.0×
Owner-earnings yield~45%~33%
Median revenue$650,000$978,000
Related comparisons

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